Ministry of Finance: Ensure that basic pension benefits are timely and fully distributed to over 300 million elderly people.

Ge Zhihao, Deputy Director of the Social Security Department of the Ministry of Finance, said at a press conference of the Ministry of Finance on the 25th that since the beginning of this year, the basic pension for retired personnel has been increased by 2% nationwide, and the minimum national basic pension for urban and rural residents supported by the state finance has been increased by another 20 yuan per month. The central government has increased funding support and carried out national coordination and adjustment of pension insurance to ensure that the basic pension benefits for over 300 million elderly people are paid on time and in full amount.